OC Transpo reports $1.3 million surplus in first quarter of 2017

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Today the City of Ottawa’s Transit Commission received the 2017 Operating and Capital Budget Q1- Transit Commission Status Report. The operating and capital financial results for 2017 report a $1.268 million surplus. The surplus is the result of savings related to unfilled job vacancies and lower fuel and facility costs.

Transit Commission unanimously approved a motion to recommend that Council direct staff to develop an equitable single-ride fare option for all OC Transpo services, based on the principles for the EquiPass and in compliance with existing commitments and policies regarding fare ratios, the Long Range Financial Plan and the Transit Affordability Plan for consideration as part of the 2018 budget process.

Transit Commission also received the Delegation of Authority report that identifies contracts awarded from July 1, 2016 to December 31, 2016. A copy of the report can be found at Service Ottawa.

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